Sensex rises to record; state-run banks extend rally on new Basel deadline
MUMBAI (Reuters) - The BSE Sensex rose to record highs for a fifth straight session on Friday as state-run lenders including State Bank of India extended recent gains after RBI extended the deadline for banks to implement Basel III rules by a year.
Nifty rose as much as 0.91 percent to an all-time high of 6,702.6, while the Sensex gained 0.67 percent to a lifetime high of 22,363.97.
State Bank of India Ltd provisionally rose 3.9 percent while Bank of Baroda Ltd gained 6.4 percent.
The Sensex provisionally closed 0.45 percent higher, while Nifty gained 0.82 percent.
(Reporting by Abhishek Vishnoi; Editing by Sunil Nair)